Productivity is notoriously difficult to predict.
ALAN GREENSPANAn almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
More Alan Greenspan Quotes
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Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
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These days, even out of office, I still read economic reports.
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I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.
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I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.
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But material success is possible in this world and far more satisfying when it comes without exploiting others.
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Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
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It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
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Deficit spending is simply a scheme for the confiscation of wealth.If I seem unduly clear to you, you must have misunderstood what I said.
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There are no easy choices. Easy choices are long gone.
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The guiding purpose of the government regulator is to prevent rather than to create something.
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We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.
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Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.
ALAN GREENSPAN